While people renting are facing rapidly rising rents in Laois, lanlords and investors are enjoying higher than average returns across all property types in the county according to the latest figures from Dafit.ie
The highest yield from a residental property investment in Laois through rent is 10.2%. This is earned on a one bed apartment.
The average cost to the renter in Laois of such a home is €504 - a quarterly rise of 12.6%.
Next biggest return is on a two bed house 8.9%. The average cost of renting such a home is €587 - a dramatic 14.3% rise.
The yield on a three-bed house is 7.5% to the investor. The cost to the renter is €708 per month a rise of nearly 12% this quarter.
The naturally higher cost of buying a bigger house for investment purposes means that while rents are higer the return or percentage yield is less attractive for investors.
However rents for the bigger houses which are suitable for families are rising significantly.
A four bed-home gives a return of just 4.3%. It will cost €770 to rent a rise of nearly 13% this quarter.
The return on a five-bed home is 4.4%. The average rent in Laois of such a home is €865 a massive rise of 17% according to the Daft.ie figures.
Yields to investors rose for one bed flats and four and five bed houses. The percentage return reduced on two and three -bed homes.
Because of the big rural urban mix in Laois, the reality for many investors and buyers is differant to the average in many towns.
Yields may not be as big in Portlaoise, Portarlington and Mountmellick because houses are more expensive there however, the rents being charged at present in these towns are far higher than the average given.